Greek Think Tank: Covid-19 to Affect Six out of 10 SMEs

By admin 19 Μαρτίου 2020 No comment

Six out of 10 small and medium-sized businesses may suffer the blow of the coronavirus health crisis as they watch their sales plummet, according to the latest findings of Endeavor Greece, with the majority expecting problems in supply, liquidity, sales, and exports. According to a new study released by the non-profit think tank, out of […]

IATA: Airlines will Need Emergency Aid Up to $200bn

By admin 19 Μαρτίου 2020 No comment

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Photo source: IATA “The scale of the current industry crisis is much worse and far more widespread than 9/11, SARS or the 2008 Global Financial Crisis.” – Alexandre de Juniac, IATA Emergency aid of up to $200 billion is required for airlines on a global basis, due to the evaporation of air travel demand as […]

ILO: Tourism & Hospitality Among Most Vulnerable to Covid-19

By admin 19 Μαρτίου 2020 No comment

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The tourism industry stands to lose thousands of jobs in the aftermath of the coronavirus health crisis, which has taken the world by storm leaving behind 9,000 fatalities and the grim prospect of some 25 million lost employment positions, according to the International Labor Organization (ILO). “The services sector, tourism, travel and retail are especially […]

Greek Thermal Spring & Spa Facilities Seeking Aid Due to Covid-19

By admin 19 Μαρτίου 2020 No comment

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Loutraki Thermal Spa. Photo Source: Visit Greece The Hellenic Association of Municipalities with Thermal Springs is calling on Tourism Minister Harry Theoharis to include businesses running thermal springs and spa facilities in the government’s financial support program in view of Covid-19-related damage. “Greece’s thermal springs have been on the rise in recent years and

Covid-19 Forces US to Suspend Global Visa Services

By admin 19 Μαρτίου 2020 No comment

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Thousands of travelers are likely to face disruption and inconvenience after the United States said it was suspending all routine visa services as part of precautionary measures against the spread of the coronavirus, the State Department said. The State Department spokeswoman did not clarify which or how many countries are halting services. In Greece, the […]

Cyprus to Close Airports, Shut down Hotels

By admin 19 Μαρτίου 2020 No comment

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Limassol, Cyprus. Cyprus announced that it would no longer be accepting incoming flights as of Saturday (March 21) implementing a two-week travel ban while all accommodation facilities including hotels will close in efforts to contain the further spread of the coronavirus. Transport Minister Yiannis Karousos announced the decision after introducing stringent airport

Airlines Pressing to Offer Vouchers Instead of Refunds Due to Covid-19

By admin 19 Μαρτίου 2020 No comment

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The International Air Transport Association (IATA) and Airlines for Europe (A4E) on Wednesday expressed dismay to the European Commission’s new guidelines on the application of the EU261 passenger rights regime. According to an announcement by both bodies, the new guidelines are “disappointing and unhelpful”, falling far short of the “simple and temporary alleviation”

Greece Launches Financial Support Plan for All Covid-hit Businesses

By admin 18 Μαρτίου 2020 No comment

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Athens, Greece. Photo © Maria Theofanopoulou Greek banks will suspend performing business loan payments for Covid-19– hit businesses as part of a package of relief measures announced on Tuesday by Greek Prime Minister Kyriakos Mitsotakis. Mitsotakis strongly advised against laying off staff while announcing measures applicable to all businesses in Greece impacted by the

Covid-19: Greek Tourism Next to Receive Support, Says Minister

By admin 18 Μαρτίου 2020 No comment

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Greece’s next set of measures to support the country’s economy from the impact of the coronavirus outbreak will focus on tourism, a sector that has undoubtedly suffered a major blow, according to Finance Minister Christos Staikouras. The country’s latest set of support measures concerned all Greek businesses and workers. “The data shows that Greek tourism […]

Study: Thousands of Tourism Jobs at Risk in Greece due to Covid-19

By admin 18 Μαρτίου 2020 No comment

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Athens, Greece. Photo Source: Visit Greece/ Y. Skoulas The coronavirus outbreak is expected to have serious repercussions on Greece’s tourism industry, leading a dwindling revenue and threatening thousands of jobs, said the Center of Planning & Economic Research (KEPE) this week. Last week, KEPE forecast a slowdown in growth by 0.9 percent this year in […]